Thursday, August 18, 2011

S&P 500 ~ Pre-Market Warm-Up ~ 18 August 2011

After some epic days early August markets are calming down this week.

As long as 1170/80 holds wave [iv] is still underway I might eventually reach 1230ish. If the SPX declines below 1170 wave [v] is most likely underway and should hit new lows later this month.